General News 13-18 – Page 462
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Daewoo 2011 strategy
Daewoo Shipbuilding has announced its ?2011 Medium Term Strategy? which aims to earn $15.6 billion in turnover by 2011. To achieve the goal, DSME will build 75 commercial ships from shipyards in Korea and abroad with a turnover of $8.3 billion, five offshore facilities at a value of $3.1 billion ...
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Gdansk demands Gdynia assets
The Gdansk shipyard in Poland wants to acquire part of the assets of its former owner to compensate its debts. This, however, may deter potential investors for Stocznia Gdynia shipyard. The first court settlement proceeding will be held in Gdansk. Stocznia Gdanska is demanding that Stocznia Gdynia pays back its ...
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ABG into rig production
With oil exploration and production on the increase, Indian shipbuilder ABG Shipyard is planning to foray into offshore jack-up rig manufacturing. The company is setting up a facility for the production of jack-up rigs at its new shipyard in Dahej, Gujarat."We are in talks with two US-based oil rig manufacturers ...
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Indian shipowners in expansion mode
The state-owned Shipping Corporation of India (SCI) will seal a deal later this month to r acquire six ships at an estimated total cost of over $1 billion. Sources close to development said SCI has plans to acquire 35 more vessels, which requires an investment of $1.3 billion. The company ...
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CSSC enters yacht building market
China State Shipbuilding Corporation (CSSC) and the government of the Fengxian District of the Municipality of Shanghai have signed an outline agreement to establish the country?s largest yacht building facility, in the southern part of the Fengxian District of Shanghai, on the bay of Hangzhou. The first section will occupy ...
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Third TMT LNG for Daewoo
Taiwan Maritime Transport (TMT) has placed an order for a third LNG carrier with Daewoo Shipbuilding & Marine Engineering (DSME) as part of a package of contracts worth $430m. The yard did not give a value for the LNG carrier, but brokers indicated it cost about $234m. The ship, to ...
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MOL invests in Vietnam
Japanese multimodal shipping company Mitsui O.S.K. Lines has planned major investment in Vietnam?s port and shipping industry with the focus on major services such as port logistics, shipping, marine human resource training and vessel repair.The ship repair centre in Vietnam aims to satisfy 10% of the maintenance and repair demand ...
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Vinashin posts record figures
The Vietnam Shipbuilding Industry Corporation (Vinashin) reported an output value of over VND9 trillion ($567 million) and revenues of over VND5.6 trillion ($351 million) in the first nine months of 2006. The figures represented year-on-year increases of 40.7% and 73.3% respectively.In the period, Vinashin signed nearly $5 billion in contracts ...
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Intertanko proposes fuel switch
Intertanko, the association of independent tanker owners and operators ofoil and chemical tankers, is planning to propose that the world's shippingindustry switch from residual fuel to distillate fuel to further reduceseaborne air emission. The Intertanko proposal, which is not yet final and may still be revised,will be made to a ...
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MARPOL amendments
Amendments to MARPOL Annex II and the International Bulk Chemicals (IBC) Code1 come into force on 1 January 2007. The requirements are applicable, to varying extents, to all new and existing ships carrying Noxious Liquid Substances (NLS) and oil-like substances which will be treated as NLS. The main technical change ...
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First launch at Keppel Kazakhstan
Keppel Kazakhstan LLP (Keppel Kazakhstan), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has launched the transportation barge AKKU1, built for Agip Kazakhstan North Caspian Operating Company. The launch marks a significant milestone as AKKU1 is the first offshore vessel ever built in Kazakhstan ...
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Vinashin wins UK contracts
The Vietnam Shipbuilding Industry Group (Vinashin) secured two large contracts worth $800 million with their partners in the United Kingdom. The Vietnamese shipbuilding giant will build 25 ships worth $680 million for Graig Investment Limited. In the other contract, it will build a floating oil tank for the Vietnam Oil ...
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KOTC to order VLCCs
Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tonnes. According to the report, each tanker will cost between $120 million to $130 million, depending on technical specifications, while the previous cost was $100 million per tanker. KOTC will ...
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NITC building six tankers
National Iranian Tanker Company (NITC) has ordered six oil tankers for carrying oil from Caspian Sea littoral states to the northern port of Neka, announced head of the company. Three of the 63,000 dwt tankers are under construction at Sadra Shipyard in the port of Neka while the other three ...
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Magellan ? the ultimate in luxury
The US-based Residential Cruise Line Ltd. (RCL), the parent company of the Magellan, the world's largest private residential cruise ship, will be expanding the proposed new vessel by adding twelve additional residences and a new amenity, a world class tennis court. Previously listed at 246 m/70,000 gt, the Magellan will ...
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Indonesia's shipping needs $1.25 billion
Indonesia's shipping industry needs $1.25 billion in investment to produce a fleet of coal carriers to meet the government's crash program in the power supply sector to build new coal fired power plants with a total capacity of 10,000 megawatts to be completed before 2010.The crash program is feared to ...
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Tyne to scrap ships
If they are granted planning permission, bosses at A&P Tyne at Hebburn hope to win contracts to dismantle ex-Royal Navy vessels. They claim the move into the ship breaking business would safeguard the yard's future and create new jobs.The ship repairing company has submitted a waste management licence application to ...
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MAN acquires 100% Pielstick stock
MAN Diesel SE, Augsburg, has taken over from MTU Friedrichshafen GmbH the remaining 33.4% share of the French Diesel engine manufacturer S.E.M.T. Pielstick S.A., headquartered in Villepinte near Paris. The acquisition and the transfer of the shares become effective as of 1st January 2006 retrospectively. Both parties agreed not to ...
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Coastal Contracts upbeat
The Sabah-based shipbuilder Coastal Contracts, sees bright prospects for its business driven by growing demand for its offshore support vessels amidst a favourable global macroeconomic environment. Executive chairman Ng Chin Heng said that the regional drilling activity is expected to expand across the board, with solid increases anticipated for India, ...
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Success for MM designs
Egil Ulvan Rederi AS has ordered a general cargo vessel of the new "MM 66 CC" design at Moen Slipp AS in Kolvereid, Norway. This will be the yard's newbuilding number 67 and is scheduled for delivery early January 2009.The design is the result of a close cooperation between the ...
